Here's the official #threadcast for today's Chain Chatter podcast!
Using Crypto Cycles to Build a Runway for Expenses | Chain Chatter #3
Engage2Earn below frens, let's get after it ππ½ππ½ππ½
Here's the official #threadcast for today's Chain Chatter podcast!
Using Crypto Cycles to Build a Runway for Expenses | Chain Chatter #3
Engage2Earn below frens, let's get after it ππ½ππ½ππ½
The biggest takeaways for me from previous cycles are:
I love especially the "triple check your wallet" advice. I almost made a horrible mistake once because I wasn't careful enough. Thank God it wasn't a costly one and I could recover everything, but sometimes you don't have a second chance!
Yep a Hivian I know lost $100 in HBD she sent to Binance instead of Hive for example. She had never sent it on her own before and bam lost it.
Wow, what a costly lesson she got. So sorry to hear that. βΉοΈ !PIZZA !PGM !CTP !BBH !HUESO
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The previous cycle was hectic for me. I was a newbiw trader then. I got liquidated 6th times and left future trading. After 8 months I learn trading professionally. Now I can say spot is better than futures in the bull run.
Ouch, yeah it is very easy to get your fingers burnt. Spot is great, you might not potentially make as much as as with futures and perpetuals but in theory it is alot harder to get liquidated.
Six times though, damn it is a wonder you stayed and persevered!
I promise that learning more about crypto circles will be enjoyable. I had no idea what they were, but I'm hoping that by the end of the session, I will have some idea of what they're all about. I intend to conduct my own study as well.
Wow this is awesome, ATABERK view of security is important so that you don't get drain. Going by his type of wallet form that is:
Hot, worm and cold wallet is cool, nice one bro.
Cryptocurrency is challenging, yet its cycles offer valuable lessons. These lessons enhance our trading and investment skills, leading to better profits. Embracing the ups and downs in the crypto market can be a fruitful learning experience
I totally agree with you and according to the popular saying nothing good comes easy. Once you are able to learn the ropes of crypto currency youβll be a champ, if not immediately buy subsequently and it is rewarding as well.
Yes, market cycles always repeat themselves, there are only 3 possible movements, up, down and sideways to see it complete you only need to see the chart in high seasonalities this will help you to know where you are and where you are going
You made a point Man. Crypto cycles is very challenging but those challenge is a lesson to to the threaders. When the lessons is being learnt, profit starts coming. Can one learn crypto without losing money? What do
yeah, you said it all
Very true, although ups and downs in the market are normal, and you have to learn to work with that, because you can take advantage of it. Although that takes a lot of experience, not all of us get there jeje.
Learning often comes from bad days, even the best opportunities appear in the down cycle if you are prepared for it.
Yes,
Not all good comes easy
Crypto is a rollercoaster of emotions and education. I believe every dip & climb teaches us something which makes us sharper traders and smarter investors. It's best we embrace the ride, learn the lessons, and profit from the wisdom.
I am also happy to be learning more about crypto cycles as I have little to no knowledge about it. It will help me when I want to trade and invest in it.
I think Threadcasts should be suspended until the Leo node is out and functional, because they break the site every time. #feedback
Take profits is the way to go. If you do not take profits the market would take them
I learned this the hard way. I was new to crypto then and wanted to patiently wait to get proper/higher profits. Unfortunately for me the market went down and I lost all my capital. Crazy stuff
The markets teach us a lot it is up to us to implement the learning into our investment strategy
strongly agreed
Where are the Lions?!
we are here
Right here fren
Maintaining multiple wallets and spreading one's assets in them is a smart move.But I that someday the blockchain technology will improve to be hackproof with enhanced security.I have mistakenly sent a huge sum to a wrong wallet, It's
Oops! That must have been really devastating for you, even if it was a little sum. Getting rid of hackers is something that I don't think is possible because there are people out there who are built to be hackers, we just have to be more conscious and vigilant.
I am still struggling to recover from it.
It's definitely going to be hard friend, I hope there will come a time when you will recover even more than you've lost π€
I hope so too
Keep faith alive π
Yeah sister, I will.I really appreciate your concern
Guys, the first space rugged when the discussion was about to get super interesting. Ataberk was dropping Alphas, for real.
Well, here is the link to the new Space π
https://x.com/i/spaces/1jMKgmWLLdXJL
Get in there & share the link π
It seems I ended up in the wrong one π€£
Lol... It's good you found the right one ASAP
Hahaha. I went to something called The Expresso π
It's very true. will always make sure they make profit so, projects who depend on external fundings will always answer to them.
Using crypto cycles to cover expenses is a smart idea! It's like making the most of the ups and downs in the crypto market to manage costs effectively.
the crypto world is so vast. I'm glad I joined to be able to learn about this interesting topic
before investing in the crypto market, one needs to do a lot of research before diving into it
It's important to understand the technology behind the coins, the teams behind the projects, the potential use cases, and the regulatory environment. There's a lot
you are right, diving into crypto with no or less knowledge about it will end in crisis. Because you won't be able to manage the things you will come across.
That's right, before taking any step in life you have to learn and in this way we avoid certain mistakes, and even more so if we talk about money.
Exactly, thanks for reading.
For me, I think a new projet or business need like 3 - 5 years period of time before one can start accessing them. The profits may start coming in from the third year.
If the profit comes withing this period fine.
many are after profits in the first year of their business, this is why many businesses crash and they find it difficult to start all over again. Learn how the market works, input your best before expecting proceedings.
You are correct.
A business needs time to stabilize, build customer base and cause public acceptance.
Profits will come later
That's just it
What about the giveaway
Just like the saying, do not put all your eggs in one basket, same can be applied in crypto from what I have heard from the speakers. Spread your investment in more than one crypto and take profit in both fiat and stable coins.
Diversification can help to mitigate risk and increase the chances of success. Taking profits in both fiat and stablecoins is also a smart move, as it can help to lock in gains and protect against volatility.
I see Khal is a professional Crypto trader. Could you please suggest us some good crypto project for the upcoming bull market? I think we still have much time to accumulate for the next bull run. Which coins will give us most profit?
If you ask Khal about a good crypto project heβs probably going to suggest you Rune; Rune cause he has a lot of belief in it and trusts that itβs going much higher. Plus heβs been DCAing into it for sometime now.
Low periods are larger and longer lasting in cycles, so the ability to know how to maintain positive accounts in a low scenario is extremely important. Crypto CEOs are already a reality, and their minority knows how to deal with it.
But then again, if a projector was self funded, the entrepreneur involved will do everything to ensure that it reaches it's full potential. I'm talking late nights, and early morning with enough delayed gratification.
I believe that few projects know how to navigate these cycles, as many aim for short-term returns, and a bull run does not last forever.
On Priorities when building th runway:
I look at development, sustainability of the project and the opportunity cost of not selling out.
Balancing divestment between other assets and fiat is a smart strategy! πΈ Diversifying profits aligns with individual needs and goals. It is necessary navigate the market with such a thoughtful approach! ππ
When someone wants to join crypto trading they need to learn necessary things about crypto and strategies is needed to be applied. I think having a mentor to guide would be a good choice to move forward into the crypto circle.
I think that's such a valuable point - having a mentor or someone to help guide you can make all the difference in the crypto world. There's so much to learn, and it can be overwhelming to try to do it all on your own.
Well for me I donβt think you necessarily need a mentor or know a lot about it. In my opinion luck counts a great deal in this crypto game. Even with technical analysis we are never really sure cause itβs a prediction we are making.
Being prepared and educated about cryptocurrency finances would avoid losing our money due to mismanagement and misinformation.
nice one. Take profit in stable coins, use it on other ventures. For me, maybe much better to stake them.
Please reply if you can see my thread π¦
QUESTION
What really is the difference between a hot and cold wallet and what are really their importance, since I'm really new to crypto I need clarification
Taking profits as a divestment into other assets and into fiat should be balanced. Either way depending on the need. I've done both and it pays so well. I divested my HIvE profits into other crypto and then withdrew to fix my accomodation.
Using crypto cycles to build a financial runway for expenses involves strategic planning and risk management. Setting aside a portion of profits for emergencies and everyday expenses helps create a sustainable financial strategy.
I can't see anything here people π
Question
If the crypto cycles are studied properly, realizing that making sales will be the biggest profit ever, is there still need of selling average and not selling all? and wait for another cycle?
Khan's question about runaway and business expense is key and must be adequately examined.
ATABERK's reply was amazing. He said a runaway of 2years is cool.
I believe with 2years runaway, the business would have generated enough revenue
I am just getting to know about the Hot and cold wallet. Since the start of this Zealy marketing campaign challenge, I have learnt more things about the web 3 blockchain. The threadcast have been very educative.
I prefer self funded projects, this is because it allows the project owners the opportunity to carry on with all the project plans without interferences. Again, I discovered that self funded projects do well overtime.
When you join crypto investment for a successful projects itβs tough to bring profit at first. It will need time to create stability also the community for the project.Thatβs why patience is highly needed to get profit from the investment.
Crypto cycles is a nice topic to consider I will like to know the movement of the crypto network and what it also means to us hiver knowing it Is associated with
The HODL or perish ideology should also be understood when it comes to profiting from crypto cycles. The mindset should be that of a long term.
A self funded project and a project funded by an external body should have a similar impact, meaning the drive to yield positive results should be their top most priority, this way the funds will be efficiently Utilized, nice one βοΈ
Every business needs time at least 2 years of oppression. There is aways a dilemma of not having enough cash on hand, take a step back and know your target. Know how much you are investing and give it time because of the storm period.
Every business is difficult at first, there is always the problem of sometimes not having enough money. We must analyze well how to invest and then try to achieve achievements over time.
his takes kind of resonates. Especially if you are a trader, futures comes to mind. Market cycles is not really an For them it doesn't matter whether the market is up or down. Profit will always be made.
In my opinion good projects don't bring profit that easily. They need some times to create a better backbone and community for the projects. So we need to keep patience to get profit from our investment to the projects.
There is clear difference when projects are self funded & heavily funded. Just like the speaker said, when its heavily funded you sort of take things for granted and be reliant, when the proje
#question
The crypto cycles how many are the is it just one or are thier more.And what does crypto cycles actually mean so I can check if I have the right idea about it and also what are business runways
Patience is definitely key when it comes to cryptocurrency. There are so many ups and downs, and it can be easy to get caught up in the hype or panic. Be patient and take the time to really understand the market.
Understanding risk management is key to profiting from crypto cycles.. It must be studied and understood the right time to buy in and sell out.
Question
In terms of funding is it easier to get funding in the bear market or bull season?
Cycles are natural for life. We just have to know when to switch through them and enjoy the best of them. I will always say "every bull is preceded by a bear and only those who invested in the bear can maximize profits during the bull".
Needs funds without strings attached ....
Be your own angel investor
Funding projects from my crypto earnings has been highly dependent on how well I maximize the cycles. Let's take the $LEO token for example. I was involved in early 2023 and by the year end, the bull happened and based on how demanding time was, I sold out about 60% of my earnings during the bull.
I divested the earnings into other second layer tokens on Hive. I also withdrew to fund my housing project. That was smy big win.
This is great, I'm yet to learn all these market trends and how to sell.
I love Khal's point. When it comes to managing a project &obtaining funding, narratives are crucial. It is impossible to draw in possible partners &clients without it.without a compelling backstory, a project is very hard to stick with.